Jaclyn Smith with her brood in The Night They Saved Christmas.

There is no greater ’80s holiday fantasy movie than A Smoky Mountain Christmas (1986), with its savory squirrel stew blend of witchcraft, fairy tales, backwoods orphans, country music stardom and poisoned maybe-lesbian pies. But once you’ve completed your annual viewing of that Dolly Parton classic, you might consider checking out The Night They Saved Christmas (1984), another family-oriented telefilm that will leave you staring at the screen in confusion, murmuring “What the jingle hell is this?”

Nearly as bad as Santa Claus Conquers the Martians, it essentially hinges on whether an oil company will slaughter Santa and his elves (who number in the thousands) for a shot at greater riches. But there’s so much more to it than that, nearly all of it bleak and depressing. The Night They Saved Christmas doesn’t only inspire ’80s nostalgia because of its sophisticated robot toys, parents on the verge of divorce, fashionable winter jumpers and references to Saudi involvement in American oil. It’s also a heartwarming reminder of our constant proximity to ruthless annihilation in the waning years of the Cold War.